Traders remain short of the Japanese Yen against a range of other currencies
IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 84.33%, while traders in USD/JPY are...
Our contrarian analysis suggests continued USD/JPY price gains. However, the dynamic nature of current positioning complicates the picture, leading to a mixed USD/JPY trading outlook./JPY retail trader positions. A mere 16.49% of traders hold net-long positions, resulting in a 5.07 to 1 short-to-long ratio. Net-long traders have decreased by 13.75% since yesterday and 31.34% over the week. Meanwhile, net-short traders have increased by 8.20% daily and 19.90% weekly.
Retail trader data shows 22.28% of traders are net-long with the ratio of traders short to long at 3.49 to 1.The number of traders net-long is 3.95% lower than yesterday and 10.99% lower than last week, while the number of traders net-short is 2.60% higher than yesterday and 15.82% higher than last week.may continue to rise.
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